This property looks like a bad Long-Term investment with a projected -10.59% first-year return on $85,680 initial cash invested.
-10.59%
Cash On Cash
4.84%
Cap Rate
0.73
DSCR
$3,067
Rent
-$756
Cashflow
Cash Flow
$3,067 income − $3,823 expenses = $756 out of pocket
Investment Breakdown
|
Purchase Price
$408k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$85,680
Downpayment
20%
$81,600
Closing costs
1%
$4,080
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,067
Total Expenses
$3,823
Mortgage P&I
73%
$2,247
Property Taxes
21%
$634
Home Insurance
5%
$145
HOA
0%
$0
Property Management
10%
$307
CapEx
5%
$153
Vacancy
6%
$184
Maintenance
5%
$153
Other
0%
$0